Terraform Labs, Do Kwon se suočava sa još jednom grupnom tužbom

Terraform Labs and Do Kwon are accused, among other things, of misleading Terra investors and racketeering.

Terra Lawsuit Represents U.S. Retail Investors

Terraform Labs and Do Kwon have been slapped with a fresh lawsuit in the United States. 

The odijelo klase-akcije filed in California late Sunday claims that Terraform Labs and a host of other entities, including the company’s controversial CEO Do Kwon, Jump Crypto and Jump Trading, DeFiance Capital, and the bankrupt hedge fund Three Arrows Capital, are responsible for leading retail investors into purchasing Terra ecosystem tokens at “inflated prices,” making or endorsing false or misleading statements, aiding and abetting, civil conspiracy, failing to register securities, and racketeering. 

The filing calls for anyone who purchased Terra ecosystem tokens, including but not limited to the Terra blockchain’s native assets, LUNA and UST, between May 20, 2021 and May 25, 2022 to participate in the action.

Terra suffered a dramatic collapse in May when its algorithmic stablecoin, UST, lost its peg to the U.S. dollar, triggering a death spiral that wiped out around $40 billion from the crypto market in a matter of days. Several major crypto players, including Terra backers Three Arrows Capital, were hit hard as LUNA crashed to zero and the market plummeted, resulting in a domino effect that spilled across the industry.

Meanwhile, Kwon and Terraform Labs have been dealing with the fallout. Terra attempted to revive itself with a forked blockchain that omitted its failed algorithmic stablecoin design, but it struggled to gain any notable momentum, and its new LUNA token now trades over 90% down from its high. Kwon also lica višestruke tužbe from investors in South Korea and može biti naplaćeno with running a Ponzi scheme. The South Korean Parliament is also istražni stvar. 

The complaint filing dolazi three weeks after prosecutors from South Korea and the U.S. met to share information about the multiple ongoing investigations into Terra’s collapse. 

While Kwon faces charges in South Korea, he’s believed to be residing in Singapore. Terraform Labs’ sole headquarters is also located in Singapore after it shut down its South Korean subsidiary in May.

Otkrivanje: U vrijeme pisanja, autor ovog djela je posjedovao ETH i nekoliko drugih kriptovaluta.